Concentrated milk and cream market in Malaysia

Earlier Report Observations

Between 2018 and 2023, the Malaysian concentrated milk and cream market experienced notable fluctuations in volume. Starting at 254.7 thousand tonnes in 2018, it saw a slight increase the following year before contracting to 231.9 thousand tonnes in 2020. This decline coincided with the widespread market disruptions caused by the COVID-19 pandemic, which affected supply chains and consumption patterns globally.

A strong recovery followed, with market volume reaching 266.5 thousand tonnes in 2021 and surging to 329.3 thousand tonnes in 2022. This significant growth was primarily driven by rising consumer demand for the convenience and extended shelf life of concentrated dairy, alongside its expanding use within the food and beverage industry for applications like confectionery and baked goods. The trend of increased home cooking during the pandemic period further stimulated domestic consumption of these products.

The market volume corrected to 293.0 thousand tonnes in 2023, indicating a stabilization after the previous year's expansion. In monetary terms, the market's value followed a similar trajectory, peaking at 401.2 million US dollars in 2022, which underscores the substantial value growth driven by these demand factors.

Production concentrated milk and cream in Malaysia

In kind, 2018-2021, K t

Globally, Malaysia ranked as the 5th largest producer of concentrated milk and cream from 2018 to 2021.

Top producers of concentrated milk and cream, 2018-2021

World map of production of concentrated milk and cream, 2018-2021

Following a two-year decline, Malaysia's production of concentrated milk and cream rebounded in 2021. That year, output reached 351.3 K t, marking a 6.5% increase compared to 2020. Production had hit its lowest point in 2020 at 329.9 K t, which also saw the steepest annual decline of 6.0%.

Annual dynamics of production in Malaysia in kind, 2018-2021, K t

In value, 2018-2021, M $ US

After two years of contraction, the value of Malaysia's concentrated milk and cream production rose in 2021. Output was valued at 358.8 M $ US, reflecting a 15.3% year-over-year gain. From 2018 to 2021, production value grew by 8.7%, with a compound annual growth rate (CAGR) of 2.8%. The lowest value occurred in 2020 at 311.3 M $ US, while the largest annual decrease was in 2019 at 3.2%.

Annual dynamics of production in Malaysia in value, 2018-2021, M $ US

Exports concentrated milk and cream from Malaysia

Exports in kind, K t

In 2021, Malaysia exported 89.7 K t of concentrated milk and cream, a 10.7% drop from the previous year. Over the 2018-2021 period, exports fell by 10.8%, with a CAGR of -3.7%. The most significant increase was recorded in 2020 at 7.0%.

Annual dynamics of product's exports from Malaysia in kind, 2018-2021, K t

From 2018 to 2021, Malaysia's exports of concentrated milk and cream were distributed across multiple countries without a single dominant partner. Indonesia accounted for 17.5% of exports in kind, Mexico for 12.4%, and the Philippines for 9.4%, together making up 39.3% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Malaysia in kind, 2018-2021

Exports in value, K $ US

Malaysia's exports of concentrated milk and cream were valued at 91 639 K $ US in 2021, down 3.4% from the prior year. Between 2018 and 2021, export value decreased by 2.3%, with a CAGR of -0.8%. The lowest value was in 2019 at 85 508 K $ US, while the peak occurred in 2020 at 94 838 K $ US. The largest decline was in 2019 at 8.8%, and the biggest increase was in 2020 at 10.9%.

Annual dynamics of product's exports from Malaysia in value, 2018-2021, K $ US

During 2018-2021, Malaysia's export market for concentrated milk and cream was diverse in value terms. Indonesia represented 17.2% of exports, Mexico 13.1%, and the Philippines 7.4%, collectively contributing 37.8% of total export value, with numerous other countries holding smaller but notable shares.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Malaysia in value, 2018-2021

Imports concentrated milk and cream to Malaysia

Imports in kind, K t

Import volumes for concentrated milk and cream in Malaysia showed irregular changes, indicating market volatility. In 2018, imports reached their lowest point, then surged to a peak in 2021 at 4.9 K t—a 98.4% jump from the previous year and a 3.7-fold increase over the 2018 level. The largest decline was in 2020 at 1.1%.

Annual dynamics of product's imports to Malaysia in kind, 2018-2021, K t

From 2018 to 2021, Australia dominated Malaysia's imports of concentrated milk and cream in kind, holding a 78.4% share of total flows, with other markets accounting for the remainder.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Malaysia in kind, 2018-2021

Imports in value, K $ US

Malaysia's imports of concentrated milk and cream in value terms grew for the third consecutive year in 2021. The import value reached 4 900 K $ US, a sharp 89.3% increase from the previous year. Between 2018 and 2021, imports surged by 269.7%, equating to a 54.6% annualized growth rate.

Annual dynamics of product's imports to Malaysia in value, 2018-2021, K $ US

In the 2018-2021 period, Malaysia's import structure for concentrated milk and cream in value terms was heavily concentrated on Australia, which accounted for 81.1% of total flows, with other partners making up the rest.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Malaysia in value, 2018-2021